Comment Period for Diversity Standards Extended

Six federal regulators, including the NCUA, announced Thursday they are extending the comment period by 45 days for the proposed standards for assessing diversity policies at the institutions they regulate.

Commenters are now able to provide feedback until Feb. 7 instead of Dec. 24.

“The agencies have received requests from the public for an extension of the comment period. The agencies believe that the additional time will facilitate public comment on the policy statement and the questions posed by the agencies,” said a joint statement from the Fed, the CFPB, the FDIC, the NCUA, the Office of the Comptroller of the Currency and the Securities and Exchange Commission.

“The proposed policy statement, issued pursuant to section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is intended to promote transparency and awareness of diversity policies and practices within federally regulated financial institutions,” said an NCUA release announcing the extension.